What is the minimum number of Healthsource Chiropractic units offered under a Development Agreement?
Healthsource_Chiropractic Franchise · 2025 FDDAnswer from 2025 FDD Document
Multi-Unit Offering. We may offer qualified individuals and entities the right to open and operate multiple Clinics within a mutually-agreed upon geographical area (the "Site Selection Area") under our current form of area development agreement that is attached to this Disclosure Document as Exhibit C (the "Development Agreement"), which will also outline a schedule or defined period of time in which you must open and commence operating each Clinic (a "Development Schedule"). The minimum number of units offered for a Development Agreement is two. You will sign a Franchise Agreement for the initial Clinic you commit to develop within your Development Area at the same time you sign your Development Agreement, and you will eventually need to sign our then-current form of franchise agreement for each of the Clinics you open under the Development Schedule that may contain materially different terms than your initial form of agreement. If we award you multi-unit development rights under a Development Agreement, your Site Selection Area, Development Schedule and Development Fee will vary based on the number of franchises you commit and are awarded the right to develop.
Source: Item 1 — The Franchisor and any Parents, Predecessors, and Affiliates (FDD pages 10–13)
What This Means (2025 FDD)
According to Healthsource Chiropractic's 2025 Franchise Disclosure Document, a multi-unit offering is available to qualified individuals and entities, allowing them to open and operate multiple clinics within a mutually agreed-upon geographical area. These agreements, formalized through a Development Agreement, include a Development Schedule outlining the timeframe for opening each clinic. The minimum number of Healthsource Chiropractic units offered under a Development Agreement is two.
When a franchisee enters into a Development Agreement with Healthsource Chiropractic, they will also sign a Franchise Agreement for the initial clinic they commit to developing. Subsequent clinics opened under the Development Schedule will require signing Healthsource Chiropractic's then-current form of franchise agreement, which may contain terms that differ from the initial agreement. This means that the terms and conditions for each new clinic could potentially change over the course of the development schedule.
The Site Selection Area, Development Schedule, and Development Fee for a Healthsource Chiropractic multi-unit development will vary based on the number of franchises the franchisee commits to and is awarded the right to develop. This implies that franchisees committing to a larger number of units may receive different terms or incentives compared to those committing to a smaller number of units. Prospective franchisees should carefully consider the number of units they are willing and able to develop, as this decision will impact the specific terms of their Development Agreement.